With the coffee sitting around getting cold at hundreds of Starbucks across the country, the nation's largest coffee chain announced today it will close nearly 600 stores that were not profitable.
As national economic growth grinds to halt, worried consumers have saved their pennies (more likely, $5 bills, if we're talking about those mocha whip fraps) and visited Starbucks less frequently. In the three months that ended on March 30, Starbucks profits fell 28 percent compared with the same...Full Story